American Express Company $AXP Stock Holdings Cut by Keybank National Association OH

Keybank National Association OH trimmed its holdings in American Express Company (NYSE:AXP) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 295,657 shares of the payment services company’s stock after selling 7,139 shares during the quarter. Keybank National Association OH’s holdings in American Express were worth $89,909,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of American Express during the 2nd quarter valued at $14,208,662,000. State Street Corp lifted its stake in shares of American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Bank of America Corp DE boosted its holdings in American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP bought a new stake in American Express in the second quarter worth $253,945,000. Finally, Bank of New York Mellon Corp bought a new stake in American Express in the second quarter worth $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AXP. Jefferies Financial Group restated a “hold” rating and set a $330.00 target price on shares of American Express in a report on Friday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Friday, October 23rd. President Capital upped their price target on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. increased their price objective on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, October 26th. Finally, Evercore set a $330.00 price objective on American Express in a report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.22.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider directly owned 20,509 shares in the company, valued at $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 69,860 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the sale, the insider directly owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This represents a 88.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 414,171 shares of company stock valued at $137,069,544 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express and Fanatics launched a co-branded card aimed at sports fans, connecting Membership Rewards points with Fanatics FanCash and offering sports-related experiences and merchandise benefits. The partnership could deepen customer engagement and broaden AXP’s reach; its contribution to revenue and profits is not yet clear. Article: American Express unveils sports rewards card tied to fan loyalty
• Positive Sentiment: American Express Canada and Marriott Bonvoy are adding a no-annual-fee card, scheduled to launch in February 2027, and enhancing existing co-branded cards with complimentary Gold Elite status. The expanded lineup may help attract and retain cardholders, although the new product is a future launch. Article: American Express and Marriott Bonvoy expand Canadian card portfolio
• Neutral Sentiment: American Express rose 28 places to No. 42 on the Roundtable 100. The improved ranking is favorable brand recognition, but the article does not identify a direct near-term financial impact. Article: American Express jumps 28 places on the Roundtable 100
• Negative Sentiment: Analysis notes that growth in premium-card fees could be offset by rising rewards, benefits and marketing expenses. The concern is whether AXP can turn premium-card momentum into stronger profits. Article: Can American Express turn premium card growth into higher profits?

American Express Stock Down 0.2%

AXP stock opened at $323.67 on Wednesday. The stock has a market capitalization of $217.04 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. The company has a 50-day moving average of $315.90 and a two-hundred day moving average of $325.25. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same period in the previous year, the company posted $4.14 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is 21.40%.

About American Express

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.